(1888PressRelease) July 17, 2010 - MOSCOW - On 9 July, 2010 the meetings of the Supervisory Board of MICEX Settlement House (MICEX SH) and of the Board of Directors of "The National Depository Center" (Closed Joint Stock Company) (NDC) have been held. The participants of the both meetings elected Ruben Aganbegyan, MICEX President, Deputy Chairman of the Supervisory Board of MICEX SH and the Board of Directors of NDC correspondingly.

The Boards made decisions to call extraordinary general meetings of the companies' shareholders on 18 August, 2010.

It was recommended that NDC's and MICEX SH's extraordinary general meetings of the shareholders amend the integration agreement approved by the companies' AGMs on 29 June, 2010, with regard to the volume of additional share issue planned to be placed by MICEX SH by means of conversion and to the amount of MICEX SH's equity capital after additional share issue.

In the course of equity capital increase MICEX SH is to issue and place 925,675 common registered shares; one share's nominal value is to be RUB1,000. After placement of additional shares by means of conversion of NDC's shares into MICEX SH's shares the amount of MICEX SH's equity capital is to be RUB1,180,675,000, or 1,180,675 common registered shares, with one share's nominal value amounting to RUB1,000.

About MICEX Group

The MICEX Group is an integrated exchange that provides services related to electronic trading, clearing, settlements as well as depository and information services. The Group is comprised of the MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, the National Depository Centre, commercial bank National Clearing Centre, regional exchange and settlement centers, as well as other organizations. The Group serves over 1700 participants in the on-exchange market - leading Russian banks and broker companies from Moscow and other large financial and industrial centers of Russia. At present, the MICEX Group is the largest exchange in Russia, the CIS, Central and Eastern Europe. In terms of the volumes of on-exchange trading in securities, the MICEX Stock Exchange is among the worlds' top 25 stock exchanges.

About NDC

"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and Eurobonds. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

About the MICEX SH

The MICEX Settlement House (MICEX SH) is Russia's largest non-banking credit institution specializing in providing settlement services to participants in financial markets of the Russian Federation. MICEX SH provides settlement services that meet present-day requirements for efficiency, continuity and operational reliability. In accordance with agreements concluded between MICEX SH and the Bank of Russia, MICEX SH acts as a settlement center for the organized securities market. MICEX SH is among 30 biggest credit organizations in Russia in terms of its assets.

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